Auctions and Real Options: Bidding for Feed-in tariff
Event Title
The 29th Annual Global Finance Conference
Year (definitive publication)
2022
Language
English
Country
Portugal
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Abstract
This paper presents novel models for firms’ valuation functions of fixed-price, fixed- premium, and minimum price guarantees, under market uncertainty within cash and security auctions. Our models allow the identification of the bidding strategies and the optimal time to deploy a renewable energy project. We present several findings that are aimed at policy- making decisions.
Acknowledgements
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Keywords